🛑 #FUD (Fear, Uncertainty, and Doubt) is a propaganda tactic used to spread negative feelings about #Bitcoin, and #Crypto.
In 6 years I have never seen so many FUDs after $BTC and the #Cryptosphere. It's just crazy the amount of bullshit that's been posted on social media and mainstream media for a while. 😡
Don't be misled by those influencers, media outlets, and other so-called experts who aim to despise Crypto, by spreading these very bad FUDs. As I told you several times, choose a few people/media to follow wisely, and block those who will waste your time and your money.
#ShutTheFUDup #FUDstersGonnaFUD
In 6 years I have never seen so many FUDs after $BTC and the #Cryptosphere. It's just crazy the amount of bullshit that's been posted on social media and mainstream media for a while. 😡
Don't be misled by those influencers, media outlets, and other so-called experts who aim to despise Crypto, by spreading these very bad FUDs. As I told you several times, choose a few people/media to follow wisely, and block those who will waste your time and your money.
#ShutTheFUDup #FUDstersGonnaFUD
As you now know #FUD, what about #FOMO?
🛑 #FOMO (Fear Of Missing Out) is the feeling of fear and anxiety that you might miss out on a potentially profitable opportunity.
"Don't miss the train" we could hear when $BTC was at $60,000 last October, only 2 months later it cost $30k.
Unfortunately, the more significant a price movement, the more likely a stock’s price will actually reverse or retrace, so #FOMO trades are often losers that need to be avoided at all costs.
Here too, do not be influenced by those people/media who will do and say everything to pump a Crypto, by spreading messages praising the project and ensuring "to the moon" gains.
You never miss the train, you just miss a station (in a cycle).
🛑 #FOMO (Fear Of Missing Out) is the feeling of fear and anxiety that you might miss out on a potentially profitable opportunity.
"Don't miss the train" we could hear when $BTC was at $60,000 last October, only 2 months later it cost $30k.
Unfortunately, the more significant a price movement, the more likely a stock’s price will actually reverse or retrace, so #FOMO trades are often losers that need to be avoided at all costs.
Here too, do not be influenced by those people/media who will do and say everything to pump a Crypto, by spreading messages praising the project and ensuring "to the moon" gains.
You never miss the train, you just miss a station (in a cycle).
Crypto Quiz: What is "HODL" in Crypto? (see the correct answer after voting)
Anonymous Quiz
0%
Clap hands when successful trade.
0%
Old crypto trader.
0%
Believing that a trend is true.
0%
Trader with power or authority.
100%
To keep a crypto for the long term.
0%
I've no idea.
🔅#Bitcoin's Monthly Candle Close‼️
The June monthly candle closed exactly on the December 2017 candle high.
👉🏻 Can we talk about an OVERLAP or a CORRECTION, which are completely opposite since the first validates the current monthly trend (here bullish), and the second confirms a trend reversal (therefore bearish)?
Remember on November 01, 2020.
The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000.😜
The June monthly candle closed exactly on the December 2017 candle high.
👉🏻 Can we talk about an OVERLAP or a CORRECTION, which are completely opposite since the first validates the current monthly trend (here bullish), and the second confirms a trend reversal (therefore bearish)?
Remember on November 01, 2020.
The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000.😜
The CEO of #KuCoin does not appreciate the recent #FUD and is willing to take legal action. 👍
Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange.
https://cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal
👉🏻 If all influencers creating FUDs, complicit media, but also those who forward FUDs were sanctioned, it would change investor sentiment and therefore limit some panic effects in downtrends (as well as all FOMOs used to pump shitcoin prices).
Unfortunately, today crypto is like an "Open-Bar" and whether it's E. Musk, scammers, influencers, or even financial institutions via the media, have no limits to manipulate investors and prices.
It's a real plague for the cryptosphere! ☹️
Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange.
https://cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal
👉🏻 If all influencers creating FUDs, complicit media, but also those who forward FUDs were sanctioned, it would change investor sentiment and therefore limit some panic effects in downtrends (as well as all FOMOs used to pump shitcoin prices).
Unfortunately, today crypto is like an "Open-Bar" and whether it's E. Musk, scammers, influencers, or even financial institutions via the media, have no limits to manipulate investors and prices.
It's a real plague for the cryptosphere! ☹️
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Who else remembers this sound? 😜
⚡️Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad.
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally.
Besides the new bill “On Digital Currency,” expected to comprehensively regulate Russia’s crypto space, a dedicated draft law “On Mining in the Russian Federation” was submitted to the State Duma in April. Members of the lower house of Russian parliament propose to recognize crypto mining as a business activity using Russian information infrastructure and equipment located in the country.
🌐 Source: https://news.bitcoin.com/bank-of-russia-ready-to-legalize-crypto-mining-if-miners-sell-minted-coins-abroad/
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally.
Besides the new bill “On Digital Currency,” expected to comprehensively regulate Russia’s crypto space, a dedicated draft law “On Mining in the Russian Federation” was submitted to the State Duma in April. Members of the lower house of Russian parliament propose to recognize crypto mining as a business activity using Russian information infrastructure and equipment located in the country.
🌐 Source: https://news.bitcoin.com/bank-of-russia-ready-to-legalize-crypto-mining-if-miners-sell-minted-coins-abroad/
⚡️Ethereum Gas Fee Hits Lower Than $1, OpenSea Trading Volume Spikes
▫️The average #Ethereum gas fee hits lower than $1.
▫️Earlier, gas fees slid to 0.0015 ETH or $1.57 — a number last seen in December 2020.
▫️#OpenSea recorded $15.92 million in trading volume, spiking by 34.18%.
🌐 https://coinquora.com/ethereum-gas-fee-hits-lower-than-1-opensea-trading-volume-spikes
▫️The average #Ethereum gas fee hits lower than $1.
▫️Earlier, gas fees slid to 0.0015 ETH or $1.57 — a number last seen in December 2020.
▫️#OpenSea recorded $15.92 million in trading volume, spiking by 34.18%.
🌐 https://coinquora.com/ethereum-gas-fee-hits-lower-than-1-opensea-trading-volume-spikes
🚩#Bitcoin Quick Update‼️
Next near KEY LEVELS
▫️First, Bulls will need to hold $BTC above the psychological support of $20,000 mark.
▫️$21,150 #POC (The Point of Control is the price level for the time period with the highest traded volume - yellow line)
▫️$21,700 "golden ratio" is the Fibonacci retracement level of 61.80% that you should all know by now.
Next near KEY LEVELS
▫️First, Bulls will need to hold $BTC above the psychological support of $20,000 mark.
▫️$21,150 #POC (The Point of Control is the price level for the time period with the highest traded volume - yellow line)
▫️$21,700 "golden ratio" is the Fibonacci retracement level of 61.80% that you should all know by now.
Forwarded from Power Tuto Novices (AlanBKK)
⚡️Trend Continuation Cup & Handle and Inverted Cup & Handle Patterns (1/4)
▫️Cup & Handle: This Pattern can be seen both as a bullish continuation or bullish reversal pattern.
A bullish continuation C&H pattern forms when there is a preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout.
▫️Cup & Handle: This Pattern can be seen both as a bullish continuation or bullish reversal pattern.
A bullish continuation C&H pattern forms when there is a preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout.
Forwarded from Power Tuto Novices (AlanBKK)
⚡️Trend Continuation Cup & Handle and Inverted Cup & Handle Patterns (2/4)
▫️Inverted Cup & Handle: This pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern.
A bearish continuation C&H pattern forms when there is already a preceding downtrend and after an Inverted C&H pattern is formed followed by a breakout the bear trend continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish trend from a bullish trend after a successful breakout of the pattern.
(In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns)
▫️Inverted Cup & Handle: This pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern.
A bearish continuation C&H pattern forms when there is already a preceding downtrend and after an Inverted C&H pattern is formed followed by a breakout the bear trend continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish trend from a bullish trend after a successful breakout of the pattern.
(In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns)
Forwarded from Power Tuto Novices (AlanBKK)
⚡️Trend Reversal Cup & Handle and Inverted Cup & Handle Patterns (3/4)
▫️Note: The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the vertical distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern.
🌐 Source: #haque_stockszone from Tradingview.
▫️Note: The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the vertical distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern.
🌐 Source: #haque_stockszone from Tradingview.